Chinese delegation visits NC for investment pitch


    AP Business Writer

    RESEARCH TRIANGLE PARK, NC (AP) — China’s president is making a state visit to the United States and Chinese business and government leaders are making a side visit to North Carolina as both countries aim to increase trade.

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    Gov. Beverly Perdue and U.S. Sen. Kay Hagan on Tuesday welcomed more than 100 Chinese entrepreneurs, investors and business leaders led by the country’s vice minister of commerce to Research Triangle Park.

    But the important business is taking place outside the spotlight as local and Chinese business leaders make connections that should make money for both sides.

    Treasury Secretary Timothy Geithner said Friday that China will likely become the largest trading partner of the United States in the next decade, replacing Canada at the top.

    (Copyright 2011 by The Associated Press. All Rights Reserved.)